I have to say that the XBOX 360 is amazing, it eliminates the need to be constantly upgrading your PC to play different games, is very cheap (got mine for £55 GBP) and although they are prone to RROD, mine that was made in Sept 05 is still working great nearly 4 years on.

A great system, I got mine for free as broken with the RROD error. I fixed it and am using it but I have to say that I am totally disgusted with the design of the inside of the console. It is horrible. There are so many errors that I could describe that it would take too long to describe them all in detail, a quick summary includes:
-GPU Heatsink too small
-GPU directs air to DVD drive
-CPU + GPU heatsinc not completly covered by airduct
-A spot for a front fan was not included
-DVD drive does not hold discs in place, scratches them if console is moved
-DVD drive vibrates, not fastened with rubber stoppers
-Standing it up blocks bottom vent
-XClamp holding on heatsink forces mainboard to flex under heat

These are just some. In my console I have fixed all of these issues with internal aftermarket parts and it runs quieter than the stock consoles but still pretty loud compared to my PS3.

I rate it a 4/5 because of the design issues. Gameplay and online is 5/5.
3/5 for value because of failures.

A bit more money up front by MS would have saved them millions in fixing RROD consoles.

Pretty good, the library of games is very good. I played my friend's 360 several times, seeing that he's got a hell load of games (over 50... Not a chipped XBOX) and the controller impresses me, but the buttons are awkward for a PS3 owner. I personally love how the mics are free and how people use them for games. PS3 users tend to talk rubbish and don't play the game with tactics. So overall, great console, great games, but its key feature that put me off it - RROD. My friend has a launch console and has 6 RRODs on it. Surprised that he's not tired of it. So. Yes, 3/5. Good but no the most reliable console. Less RROD - Chances are that I would've got it.

The 360 is an Ok system, has nice graphics, a nice library of games, can be used as a media player. The bad online gaming not free, has no wireless networking, no high def drive normal dvd, can't transfer some of my media to its HDD.

have had mine since before launch, have had minor issues all quick to be fixed by customer service(1week), so great unit for the cost. but would recommened buying the elite or the new premium being the larger hard drive will eventually be needed.

With the price dropping it has a better value. Most of the games are good and the graphics/effects are great. Online features, and ability to stream content from home network are a plus. Now the negatives: personally my system gets hotter than a microwaved baked potato at times, the DVD drive, when it does open or close, runs very loud and noisy, and so do the piddly fans that barely cool down the system. I have to leave my cabinet open as to not let the heat build up, but then I would just rather keep it closed to dampen the noise. That is the biggest downfall of this console.

The 360 is a decent console. The hardware, as many of you would probably know by now, is kind of bad because you never know if your console has a hardware screw up.

Personally, the first night I played my 360 (in Christmas), I kept having a disc read error message, and when you send the console in to Microsoft, their service takes quite a long amount of time to get your console back.

The games are good though. Soon, PS3 will catch up in that department IMO.

The 360 is worth the cash, but don't be disappointed when you find that there's a flaw in your console.

When it works this is the best gaming console ever invented.

key words, when its working.